The Allen condo tower on Allen Parkway near downtown Houston. Owners can claim the Texas homestead exemption and the over-age-65 exemption on a condo.

Q: My husband and I are over 65, and we looked at purchasing a condo in a high-rise the other day. The homeowners’ association fees and the property taxes on the condo would be astronomical if we were to make the purchase. Is there any way to obtain the over age 65 exemption on either the HOA fees or the property taxes?

A: You can claim the homestead exemption and the over-age-65 exemption on the condo, just like you can with any other free-standing home you might purchase. But you can’t reduce your HOA fees simply because you are over age 65.

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